Private Advisor Group LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 26.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,683 shares of the e-commerce company’s stock after selling 6,439 shares during the period. Private Advisor Group LLC’s holdings in eBay were worth $620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in eBay by 284.0% during the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP increased its position in eBay by 660.0% during the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares in the last quarter. Parallel Advisors LLC increased its position in eBay by 25.5% during the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in eBay by 100.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services increased its position in eBay by 611.8% during the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares in the last quarter. 84.91% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on EBAY. DA Davidson began coverage on eBay in a research report on Wednesday. They set a “buy” rating for the company. BMO Capital Markets reissued a “hold” rating on shares of eBay in a research report on Wednesday. Canaccord Genuity reissued a “hold” rating and set a $34.00 price target on shares of eBay in a research report on Wednesday, September 6th. Robert W. Baird reissued an “outperform” rating and set a $38.00 price target on shares of eBay in a research report on Sunday, August 20th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of eBay in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.02.

COPYRIGHT VIOLATION NOTICE: “eBay Inc. (EBAY) Shares Sold by Private Advisor Group LLC” was reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/14/ebay-inc-ebay-shares-sold-by-private-advisor-group-llc.html.

In other eBay news, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Stephen Fisher sold 11,956 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the completion of the transaction, the senior vice president now directly owns 89,740 shares in the company, valued at $3,252,177.60. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock worth $3,439,297 over the last three months. 6.78% of the stock is owned by insiders.

eBay Inc. (NASDAQ EBAY) opened at 38.27 on Thursday. The company has a market cap of $40.96 billion, a PE ratio of 5.74 and a beta of 1.34. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $38.50. The firm has a 50 day moving average price of $35.86 and a 200 day moving average price of $34.69. eBay also was the target of some unusual options trading activity on Wednesday. Stock traders bought 2,194 put options on the stock. This is an increase of 231% compared to the average volume of 663 put options.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. eBay’s revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that eBay Inc. will post $2.00 earnings per share for the current fiscal year.

eBay declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.